Driving For Dollars Without Leaving Home W/ @BatchTV
Published: 2022-12-08
Status:
Available
|
Analyzed
Published: 2022-12-08
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker aims to demonstrate how to make money through real estate via virtual wholesaling and virtual driving for dollars using Batch Leads systems, framing it as a passion for those who want to analyze properties virtually and close deals.
"we're going to do a rundown and Chris is going to show us how to make money um off batch lead systems they've got some promotions some really cool stuff for anybody that's watching the stream and you decide by the end of the stream this is what I want to do with my life this is this is now my big passion I totally want to sit at my computer go through a really awesome version of Google Maps I want to virtually knock on people's doors I want to find out who they are and I want to figure out how to make a deal"
Pending
A specific property valuation is presented, highlighting substantial equity of $332,000 based on a $350,000 market value and a $40,000 mortgage with an estimated $15,000 principal remaining, suggesting significant profit potential for an investor.
"So I showed on this specific property we got pulled up they've got it's a there's a value of 800 and some thousand dollars the only okay cool I wasn't even looking at the screen their current mortgage on theirs with CFS mortgage Corporation for 40 Grand and that's all that's available on it you okay there you go your algorithm that you estimate that there's fifteen thousand dollars left in principle on a property that's worth 350. so there's 332 000 worth of equity meaning somebody is in line somebody's going to make 332 000 off that property when it sells"
Pending
An investor, from 1500-1800 miles away in Circleville, Ohio, can utilize mortgage and comparable sales data to identify profitable real estate opportunities.
"so as an investor as a wholesaler as somebody that can go and utilize this data for my own good I can look at this property objectively sitting here in Circleville Ohio I'm like 1500 1800 miles away and I can utilize that mortgage information Those comp that comp information in a way that I can make money"
Pending
A past direct mail campaign involving 150 handwritten letters resulted in 45-50 landlord responses expressing interest in selling, demonstrating the effectiveness of personalized outreach in real estate investment.
"I did a handwritten campaign years ago and I think I mentioned to you but we talked to Lance a lot about this yeah I physically sent 150 handwritten notes out I didn't do it I paid some girl in Tennessee today I was just gonna ask did you write them I did not my tan writing is so bad I would have these 150 people mad at me but um I had this girl in Tennessee handwriting letter to the owners and it was very time efficient for me but I had this whole script and whole system that I came up with presenting myself as a local landlord looking to expand his portfolio 150 is either 145 150 letters and I either had 45 people or 50 landlords reach out back to me reach back out to me saying I want to sell"
Pending
A direct mail campaign of 150 handwritten letters, outsourced to a third party, yielded 45-50 landlord responses interested in selling, highlighting the effectiveness of this method in real estate lead generation.
"I did a handwritten campaign years ago and I think I mentioned to you but we talked to Lance a lot about this yeah I physically sent 150 handwritten notes out I didn't do it I paid some girl in Tennessee today I was just gonna ask did you write them I did not my tan writing is so bad I would have these 150 people mad at me but um I had this girl in Tennessee handwriting letter to the owners and it was very time efficient for me but I had this whole script and whole system that I came up with presenting myself as a local landlord looking to expand his portfolio 150 is either 145 150 letters and I either had 45 people or 50 landlords reach out back to me reach back out to me saying I want to sell"
Pending
Within Phoenix, 90 commercial properties (car washes and barber shops) were identified, including one mixed-use gas station/car wash sold for $700k in 2021. The owner information is available for skip tracing.
"so we have 90. oh I like what I see already I like what I see guys very cool so you'll be able to see them here in this view as well as over here on this side and just like driving for dollars you can click and click in okay all right so my photo sucks but it's okay absentee owner sold for 700k in 2021. yeah let's see any details that are on there uh oh it's okay so Rajon oil so that's going to be a mixed use gas station plus car wash scroll down there's no immediate information on the owner so you could skip Trace them and find out who actually owns that car wash and get a hold of them"
Pending
Out of 84 identified commercial opportunities (car washes and barber shops), 57 were free and clear of mortgages, presenting an opportunity for sellers in distress to finance properties directly to buyers or for buyers to establish private mortgage systems.
"we found 84 84 opportunities 57 of them were free and clear so then you guys could take it on the next step and for a location that doesn't currently have a mortgage record against it that seller if their distress could Finance it to you they could do something to it you could develop a private mortgage system or method for it"
Pending
Batch Leads possesses data on 155 million parcels across 3,100 counties, covering 99.8% of the US population, indicating that attempts to remain anonymous from data collection are largely unsuccessful.
"so 155 million Parcels 3 100 counties and 99.8 percent of the US population is in batch leads documents wow so that means if you've tried to stay off the grid guys and not have big data get your information you've done a poor job so there you go"
Pending
The speaker predicts failure in real estate investment despite perfect data, citing personal experience of being rejected and emphasizing that not everyone contacted will be receptive, highlighting the inevitability of encountering failures.
"you're going to fail this is the reality of it guys I don't care no offense to batch leads yeah the as perfect as data can be you're going to fail you're going to contact people and they're going to get mad at you because even me at my point five million plus subscribers on social media I got kicked out of a laundromat yesterday just trying to talk to the owner and say hey you're 70 some years old you want to sell get out of my place they they did not like me at all so I have a failure rate not everybody I talk to is going to like me or I'm not going to succeed"
Pending
Success in real estate or any business hinges on perseverance through failure, a common thread even among highly successful individuals like Nate Barger, who owns numerous hotels and has a net worth in the hundreds of millions.
"so what happens is if you're going to build a real estate business or any business this this goes for whether you're getting a candy machine selling gumballs or you have a real estate Empire like my buddy Nate Barger who's been on the stream he's got 100 hotels I don't know how many hotels he has he's worth quarter of a billion half a billion dollars he fails too I promise you if he would say the same thing you're going to fail but what happens what's what separates the difference between bad investors and people that aren't successful and the people that are successful and do really really well is people who persevere varying to keep going on"
Pending
Lance's company, Clever Letter, assists in scaling real estate investment by sending customized, handwritten notes to pre-screened individuals, with a cost of $0.239 per letter plus $0.10-$0.14 for skip tracing to ensure delivery to the correct address.
"my buddy Lance and he's still should be on the call has this business called clever letter and they're this really cool company that will help you achieve scale a little bit using Bachelor data to sin handwritten notes and letters to people that you pre-screen and once again I forgot my big stack of letters that he sent me so what happens is you can send highly engaging highly customized letter to those people that have the the truck on cinder blocks and say you know Mr Smith I see your house at 123 East Main Street I would like to buy this place and Lance has this calculator it's super cool and it kind of does a lot of the heavy lifting math for you like if if we would go on the striving for dollars and we would find 500 qualified places in this place 500 places and I want to send a thousand letters out to these people a thousand high quality notes they're going to cost me 2.39 cents a piece I'm gonna have to spend for 10 to 14 cents a piece on skip tracing finding their the proper address because some of these places are going to be landlords or people that don't actually live at that address you're going to have to send them mail to where they're actually going to get them"
Pending
By leveraging data, sending letters, making contacts, and performing legwork, investors can aim to make $10,000 to $22,000 per deal, underscoring the importance of data in rigging the system for successful contact and deal closure.
"so then by utilizing the data sending Letters Out making those points of contact using the information that you can get you're gonna you can make ten thousand dollars a deal you send those letters out you do the phone calls you do the legwork and then you make twenty two thousand dollars um that's kind of how life works for investors and that's why data is so important it's why you need to rig the system you need to have a high likelihood of being able to contact people and being able to do it by utilizing data by sourcing data and then closing on a deal making contacts"
Pending
Clever Letter, alongside Batch Leads, offers special deals to those interested in real estate investment, with Lance, a Discord moderator, providing further explanation of his company's services.
" Lance is one of our moderators on our Discord um there are companies called clever letter and in between both these companies they've got some offers for you guys if you want to do this the links are in the bio but I figured we bring Lance on for just a couple seconds or a couple minutes and you can kind of explain to us your company and what you're doing here"
Pending
Clever Letter emphasizes sending personalized, handwritten letters that stand out and are opened by recipients, with a 90%+ open rate, followed by texts and calls, for which Batch Leads provides complementary solutions.
"um we send out handwritten letters that look like your grandmother sent them yes um we you know we preach that you know this is how we start a campaign this is how you you should start a campaign that's just it's what we believe in you know they they stand out people open them that's the key you know you you have to get your offer in front of the person you want to reach um and 90 plus percent of the people don't get there so once you know once they see you you know then you follow it up with with texts with calls and I know batch leads has some great solutions for that"
Pending
Consistent effort and understanding one's numbers are crucial for real estate investors, enabling them to potentially earn $10,000 per deal, with conversion rates varying but ultimately achievable through diligent effort.
"it's all about just doing it consistently um and you know the calculator that Brandon used that kind of shows you you know what what do I have to spend what am I going to make from something like this and those rates will vary you know you may have a you may have a 30 conversion rate you may have a 10 conversion rate but you're going to figure that out and everyone's going to be different but uh you know if you know your numbers and you know you put in the effort then you know there's no reason you can't walk away with ten thousand deals or ten thousand dollar deals"
Pending
The speaker anticipates failure in real estate endeavors despite utilizing data from Batch Leads, citing personal experiences of rejection and the inherent unlikelihood of universal success in contacting potential clients.
"all of this stuff when it comes to batch leads and the data that we're talking about you're going to fail this is the reality of it guys I don't care no offense to batch leads yeah the as perfect as data can be you're going to fail you're going to contact people and they're going to get mad at you because even me at my point five million plus subscribers on social media I got kicked out of a laundromat yesterday just trying to talk to the owner and say hey you're 70 some years old you want to sell get out of my place they they did not like me at all so I have a failure rate not everybody I talk to is going to like me or I'm not going to succeed"
Pending
Leveraging data, direct mail, and phone calls can lead to $10,000 to $22,000 per real estate deal, emphasizing the strategic importance of data sourcing and contact initiation for investor success.
"so then by utilizing the data sending Letters Out making those points of contact using the information that you can get you're gonna you can make ten thousand dollars a deal you send those letters out you do the phone calls you do the legwork and then you make twenty two thousand dollars um that's kind of how life works for investors and that's why data is so important it's why you need to rig the system you need to have a high likelihood of being able to contact people and being able to do it by utilizing data by sourcing data and then closing on a deal making contacts"
Pending
Investors can utilize calculators to estimate potential earnings and expenses for real estate deals, with varying conversion rates (e.g., 10-30%), but success is achievable by knowing one's numbers and putting in the effort, potentially leading to $10,000 per deal.
"the calculator that Brandon used that kind of shows you you know what what do I have to spend what am I going to make from something like this and those rates will vary you know you may have a you may have a 30 conversion rate you may have a 10 conversion rate but you're going to figure that out and everyone's going to be different but uh you know if you know your numbers and you know you put in the effort then you know there's no reason you can't walk away with ten thousand deals or ten thousand dollar deals"
Pending